Inmarsat (ISAT) Hits New 1-Year Low at $434.20

Shares of Inmarsat Plc (LON:ISAT) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 434.20 ($6.09) and last traded at GBX 437.20 ($6.13), with a volume of 2375465 shares changing hands. The stock had previously closed at GBX 437.20 ($6.13).

Several analysts recently commented on the company. HSBC reduced their target price on Inmarsat from GBX 820 ($11.50) to GBX 720 ($10.10) and set a “hold” rating on the stock in a report on Friday, November 3rd. reduced their target price on Inmarsat from GBX 820 ($11.50) to GBX 720 ($10.10) and set a “hold” rating on the stock in a report on Friday, November 3rd. Citigroup reduced their target price on Inmarsat from GBX 770 ($10.80) to GBX 530 ($7.43) and set a “neutral” rating on the stock in a report on Friday, November 17th. Barclays reduced their target price on Inmarsat from GBX 600 ($8.41) to GBX 570 ($7.99) and set an “equal weight” rating on the stock in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. reduced their target price on Inmarsat from GBX 740 ($10.38) to GBX 690 ($9.67) and set a “neutral” rating on the stock in a report on Friday, November 10th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 665 ($9.32).

The company has a market capitalization of $2,060.00 and a PE ratio of 1,331.18.

In related news, insider Pip McCrostie purchased 2,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average cost of GBX 443 ($6.21) per share, with a total value of £8,860 ($12,422.88). Also, insider Rupert Pearce purchased 19,260 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average cost of GBX 519 ($7.28) per share, with a total value of £99,959.40 ($140,156.20). Insiders have bought 30,260 shares of company stock worth $16,433,940 over the last ninety days.

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About Inmarsat

Inmarsat plc is a United Kingdom-based provider of global mobile satellite communications services. The Company’s segments include Maritime, Government, Enterprise, Aviation and Central Services. The Maritime segment focuses on commercial maritime services across the world. The Maritime segment includes the provision of broadband data and safety communications for all vessel sizes.

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